#NIFTY and #BANKNIFTY strategy for 20-July-2016

#. Nifty closed on a slight bull note at 8,528.55 made high 8537.1 of and low of 8476.49. So today for intraday on upside resistance are at 8570 and 8600 level .On downside be alert below 8485 and avoid all intraday longs below 8460 level

#. In the derivative market, FII’s bought 552.52 crores of Index futures and sold -117.559 crores worth of Index options. In the Stock futures segment, FII’s sold -236.28 crores worth of stock futures and sold -136.14 crores of stock options.

#. As per the fund flow FII and PRO’s both have same view. As per the data FII’s  and PRO’s have buy position. On other side clients and DII’s  have sell position. We again expect volatile in market

Intraday NIFTY view:
Trend: Bull
We are Bullish on NIFTY for short term but suggest you please book profit every level. Follow our (NIFTY POSITIONAL CALLS)

SGX Nifty
8,569.00     up +14.00    ( +0.16%)

FII Activity on nifty future:
Index Futures: + 552.52 Crores

FII Activity July 2016 Series – Summary Derivative
Index Futures: +5503.5 Crores

NIFTY Future Levels: Watch NIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8547 8523 8564 8592 8634
Sell 8514 8531 8503 8462 8434

BankNIFTY Future Levels: Watch BankNIFTY LIVE signal

Signal       Price  Stop Loss Target-1 Target-2 Target-3
Buy 8547 8523 8564 8592 8634
Sell 8514 8531 8503 8462 8434

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